Comments on: Has anyone ever asked how much Khoza paid for Orlando Pirates?

By: wiseman nkosi

wiseman nkosi — Wed, 27 Jul 2011 02:16:06 +0000

ilove op i wish it could be the private companey as ather clubs then it will be more profesional

By: Joe Dlamini

Joe Dlamini — Wed, 01 Sep 2010 07:22:22 +0000

In 2004 and in one of SABC radio stations, Mr Khoza was being interviewed by the well known TV soccer announcer Joe Hudla and a KZN radio announcer Alex Mthiyane in a Sartuday talk show that was called “Phumela e shashalazini”.

On that show the Iron Duke informed the public that during the past years he has tried to buy off Orlando Pirates but his attempts were grossly prevented by the majority of club members and that he was told explicitely that the team won’t be registered as a private company. This is what he said.

By: Soccer Merchandise

Soccer Merchandise — Sun, 04 Jul 2010 15:34:31 +0000

I would also like to know how he much he paid for the club.

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By: Observer

Observer — Wed, 17 Jun 2009 04:41:24 +0000

Basically, it is like when a company starts a new venture – the new venture will be registered as separate Pvt. Ltd. Company. So if that venture fails, it can file for bankruptcy and not endanger the parent company with liabilities.

So in OP case – the club is PROBABLY (I dont know the facts) registered with the PSL, SA football authorities and Govt. as a Non-Profit Club. Mr. Khoza then probably established a Pvt. Ltd. Company which handels the commercial side of the club. If the commercial side fails, then the club still survives as it is the Pvt. Ltd. Company that will go into bankruptcy.

The non-profit side of OP probably is made up of club Members, while the Pvt. Ltd might be solely registered under Khoza’s name – so if Khoza were to sell the team he would need to get the club Members on board or the buyer would only have access to the commercial rights of the clubs and not the football side.

Anyway, I am not in the know about OP. This is all speculation, but most clubs around the world operate like this.

By: Muzi Mohale

Muzi Mohale — Tue, 16 Jun 2009 09:30:13 +0000

Hehehe, Lennox you’re chickening out…but I understand, you’re playing with fire.

By: Lennox Nhando

Lennox Nhando — Tue, 16 Jun 2009 09:28:37 +0000

I also wasn’t aware of the dual registration that Observer informs us about but, I must say, I would not be surprised if this was the case at Pirates. However, I will not be the one that digs out the real situation at OP – I draw the line here. Hopefully some other journalists can take on this mission.

By: Muzi Mohale

Muzi Mohale — Tue, 16 Jun 2009 08:38:27 +0000

Observer – this is an interesting angle which I was not aware existed, do you mind elaborating on what informs such an approach?

By: Observer

Observer — Tue, 16 Jun 2009 08:19:29 +0000

I would presume that OP is registered as a non-profit club and as a Pvt. Ltd. company. Meaning that the club’s history, spot in PSL belongs to the non-profit part of the org., while the commercial assets of the club belong to Khoza. So Khoza, could not technically sell OP, only their assets. Meaning the new owner of OP, would not have a spot in the PSL, just the OP kits in his hands

It is very common for clubs around the world to have such dual registration.